Archive for the ‘Credit Cards’ Category
Calculating the debt to credit ratio
Saturday, September 22nd, 2012
Knowing your overall debt to credit ratio is pretty easy. We just need the total amount of debt you have and we need the total amount of credit you can borrow. Then we can just divide the total debt by the total credit. Account Balance Credit Line Debt to Credit Ratio Credit Card One $1000 […]
Tags: debt to credit ratio
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Getting A Credit Score From 700 to 800
Wednesday, September 19th, 2012
What is the desire to moving your credit score from 700 to 800? If you have a 700 credit score you are just considered good, but to have an excellent credit score you will need to be closer to 800 or 800 plus. Beyond being having the word excellent as a description for your credit […]
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Credit scores and late payments
Wednesday, May 23rd, 2012
It is very important to pay your debt on time; otherwise it will badly affect your credit score. Your total credit score includes 35% of your payment history. Thus, if you make late payments, that simply shows your inability of making repayments. It will result in the lender’s unwillingness to lend you. Here are the […]
Tags: Credit Cards, Credit Score, Late Payments
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FICO Score Calculation
Tuesday, March 27th, 2012
FICO score is very useful for the lenders to check the applicant’s credit information or their financial history. The calculation of three digit FICO score is important to understand. The Fair Isaac Corporation checks your credit report to calculate your FICO score. Any incorrect or outdated information in your credit report would mean an incorrect […]
Tags: FICO, FICO formula, FICO score, FICO score range
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What is an excellent credit score range?
Wednesday, March 14th, 2012
When you apply for a loan, the lender will first check your credit worthiness on your FICO credit score. Before understanding an excellent credit score, it is inevitable to know what a credit score range is. A credit score range mentions your financial history in the forms of three digit numbers. It helps employers, creditors, […]
Tags: credit score range, excellent credit score
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Store Credit Cards Are Ruining Your Credit Score
Tuesday, February 7th, 2012
How many times have you been at a store and you are just finishing checking out when you here the question. “So you have a” blank ” credit card?” The blank here is the store name. As you say No, you are met with the response would you like to sign up today and you […]
Tags: store credit cards
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New Years Resolutions – Improve My Finances
Thursday, January 12th, 2012
Maybe your goal for 2012 is to improve your finances. It is one of the top 5 New Years Resolutions in some form or another. But like most New Years Resolution, they are hard to keep. That is why losing weight is always number two or one on the list. People want to lose weight […]
Tags: Action, New Years Resolutions
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Too Many Credit Inquires? How I Improved My Credit Score with New Credit
Monday, October 3rd, 2011
I use a credit monitoring service and nothing seems to slip by them. Case in point, I got an email regarding a potential change in my credit score. Well, it turns out that it was a new hard inquiry credit report; the terrible idea that I applied for more credit. This action allow set off […]
Tags: Hard Inquires
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Credit Card Age Requirement
Friday, September 9th, 2011
In 2009 the Credit Card Accountability Responsibility and Disclosure Act was signed by President Obama into law. Among many other things it did for consumers, the law set an age requirement or age limit for new credit card applicants. The law states credit card companies cannot issue a credit card to consumers under the age […]
Tags: co-signer, credit card
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